Bahl & Gaynor Inc. Lowers Stock Position in Genpact Limited $G

Key Points

• Bahl & Gaynor Inc. reduced its stake in Genpact Limited by 57.2% during the first quarter, resulting in ownership of 20,715 shares valued at approximately $1,044,000.
• Analysts have mixed views on Genpact's stock, with a consensus rating of "Hold" and an average target price of $52.29.
• Genpact recently reported quarterly earnings of $0.88 EPS, exceeding estimates, and declared a dividend of $0.17 per share with a yield of 1.5%.

Bahl & Gaynor Inc. lessened its holdings in Genpact Limited (NYSE:G - Free Report) by 57.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 20,715 shares of the business services provider's stock after selling 27,683 shares during the period. Bahl & Gaynor Inc.'s holdings in Genpact were worth $1,044,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Cornerstone Planning Group LLC purchased a new stake in shares of Genpact in the 1st quarter worth approximately $27,000. Coppell Advisory Solutions LLC lifted its position in shares of Genpact by 529.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock worth $25,000 after purchasing an additional 503 shares during the period. Richardson Financial Services Inc. purchased a new stake in shares of Genpact in the 1st quarter worth approximately $35,000. GeoWealth Management LLC lifted its position in shares of Genpact by 199.0% in the 4th quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock worth $38,000 after purchasing an additional 583 shares during the period. Finally, Global X Japan Co. Ltd. bought a new position in shares of Genpact during the 1st quarter worth approximately $57,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Mizuho boosted their price objective on shares of Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Genpact in a research note on Thursday, July 17th. They set a "hold" rating and a $47.00 price objective for the company. Wall Street Zen upgraded shares of Genpact from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Needham & Company LLC boosted their price objective on shares of Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Genpact from $55.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, August 20th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Genpact presently has a consensus rating of "Hold" and an average target price of $52.29.

Genpact Stock Performance

Shares of G stock traded down $0.43 during trading hours on Thursday, hitting $44.98. The company's stock had a trading volume of 1,510,683 shares, compared to its average volume of 1,627,430. The company has a 50 day moving average of $44.19 and a 200 day moving average of $46.74. The stock has a market cap of $7.84 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.55 and a beta of 0.92. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.32. Genpact Limited has a 12-month low of $37.82 and a 12-month high of $56.76.

Genpact (NYSE:G - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.85 by $0.03. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The business's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 EPS. Genpact has set its FY 2025 guidance at 3.510-3.580 EPS. Q3 2025 guidance at 0.890-0.900 EPS. On average, sell-side analysts forecast that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. Genpact's dividend payout ratio is 22.59%.

Genpact Profile

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.